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20121229
20121229
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CNNW 1
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CNN
Dec 29, 2012 10:00am PST
at the international monetary fund, annie lowry an economic policy reporter for "the new york times." steven moore, editorial writer for "the wall street journal." ken, you tear financial crisis guru here. forget the politics. just give us the math. if washington fails to avert the cliff, the worst-case scenario will be the combination of tax hikes and spending cuts. what does that do to our economy? >> well, if they don't come to a deal and then sit there all next year and don't come to a deal, we will go back into recession. it will be very, very ugly. and the united states is one of the few bright spots in the world and it will be ugly to have the whole world go into recession. but i don't think that's likely. i think if we pass for a month then they'll eventually pass something. but it shows the dysfunction in washington of not being able to pass anything. by the way, ali, the debt ceiling's coming up. they're not agreeing on that. so even if they agree on this, then in a month or two they're going to be in the same position on the debt ceiling. >> and our debt ceiling actually comes to a head
FOX News
Dec 29, 2012 11:00am PST
writer steve moore also joins the panel. so, steve, this is really an interesting story that i don't think gets enough attention. >> i agree. >> paul: the reforms taking place across the country in a lot of states. who are the stars you're looking at? >> i entirely agreement with your premise, paul. if you look at, talk about the demise of the republicans on the national levels we're not seeing that on the state level. there are 30 republican governors today in america, the republicans actually picked up a governorship in north carolina so that south now is almost entirely republican, whereas just 25 years ago, it was pretty entirely democratic. and it's not just the south. states like-- >> what are they doing with that power, that's the interesting thing. >> so, they have the power and they are actually using it, af got states like kansas, and florida that have been cutting taxes aggressively to promote jobs. you've got a lot of the states in the mountain states that are republican, where they're aggressively promoting pro energy drilling policies to get at the national resources
Search Results 0 to 1 of about 2